As of September 2023, the prime lending rate in South Africa is 11.75% . The prime lending rate is the minimum rate at which banks are willing to lend money to their most creditworthy customers. It is an important factor to consider when applying for a home loan, as it determines the interest rate that will be charged on the loan. The prime lending rate is set by the South African Reserve Bank, which has the authority to change it based on economic conditions.